 libriville-downtown Thi's in Center of Librevile |  Architecture-Libreville nice city |  Libra Keep moving |
 downtownlibreville Central of Libreville |  Hotel Near to the beach |  libreville nice road in libreville |
 libreville-night1 good place |  libreville-gabon Nice party in home |
Bussines in Gabon
Economy
Gabon is still a very narrowly-based rentier economy despite its huge potential. The oil sector accounted for 50.3 per cent of GDP in 2008, despite its small (1.7 per cent) contribution to growth. Other sectors provide more jobs and are more important for reducing poverty but their share of GDP is still only minor: 4.8 per cent for industry, 3.2 per cent for agriculture and 1.2 per cent for forestry.Private sector gross fixed capital formation provided 1 per cent of real growth in 2008 but this should fall in 2009 (to 0.3 per cent) and 2010 (0.8 per cent). The big rise in oil prices and strong demand for Gabonese exports in 2007 and 2008 encouraged firms in these sectors to make additional investments, some to increase productivity, others to expand production capacity. This will fade in 2009 because of lower oil prices and global recession. Growth of private consumption will decline somewhat in 2009 (to 8.3 per cent) but pick up again in 2010 (to 9 per cent) due to Areva's uranium mining, construction for the CAN 2012 Africa Nations Cup football tournament (to be co-hosted by Gabon and Equatorial Guinea), and the expected start of work on the deep-water port of Santa Clara and the new Libreville airport. Private consumption's GDP contribution is expected to decrease in 2009 to 3.4 per cent and then rise to 3.9 per cent in 2010.
Gabon may have a current account deficit of 3.5 per cent in 2009 as exports fall to 54 per cent of GDP, from 66.9 per cent in 2008.
Your commentsThere is no point to talk about the economic if the majority of population are living under porvety line. Gabon is a Kingdom when father died leave all the power and maney to his son. We're here to talk about economy of the Country. Not about former president or his son. Gabon's good place to do business. Franlky I think that's absolutely good stuff. |
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Politic in Gabon
Ali Ben Bongo was declared the winner of the presidential election on 3 September 2009. He had been widely tipped to succeed his father, Omar Bongo, who died in June after 42 years in power. At the time of his death, Omar Bongo was Africa's longest-serving head of state, having led Gabon since he succeeded the post-independence leader Leon Mba in 1967. Omar Bongo portrayed himself as the custodian of Gabon's political stability and was credited with encouraging foreign investment. His critics accused him of having authoritarian tendencies. Opponents of the late president have long accused the Bongo family of running the country as their private property. Omar Bongo amassed a vast fortune during his time in office, and was accused of embezzling oil revenues and bribery. Opposition leaders denounced his son's election as a fraud, saying that the poll had been fixed in order to ensure a dynastic succession. |
What do you think About new president?Your commentsPeople say that my country is rich in resources but the most of people do see the wealth of country. Then I considered my country as poor a country with some fat cats and riches theives. This country is become like type of kingdom if you are father died then the son take the power. The economic of this country is looking strong but only the elite classes who are benefiting for it. Just like Mr. Bongo who was president for life until is dead. Let give him chances to see what he's ble to do for people. What new president will do. His father spent all his life until he died. I think is just the same old game. The Spirit of entrepreneurship and patriotism are some of the essentials aspects of life that Political leaders in Gabon lack of. the inhabitants of such a rich country will have to work harder and seek help from international organization (UN, UNESCO) for more transparency. |
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Your commentsGabon is very beautful country and I lived there for 5 years and it has nice places to visit. It's nice place to visit I was in libraville and I didn't like place. |